Through the first 11 months of ’08 for Carpinteria Real Estate/ Summerland Real Estatein the Home Estate/PUD market there were 52 sales compared to 61 last year. The median sales price went from $1,025,000 last year to $847,500. Interestingly enough there have been 60 pending properties in both years but the gap for median list price is about the same as the sold gap. In ’07 pending properties had a median list price of $999,000 and in ’08 that number has been $785,000. There have been 140 new listings come on the market this year with a median list price of $959,000 whereas last year there were 133 new listings with a median list price of $999,000. Right now there are 60 Home Estate/PUDs on the market in Carpinteria/Summerland with a median list price of $1.345 million.
For the condo market for the Carpinteria Real Estate/ Summerland Real Estate are there have been 35 sales this year with a median sales price of $460,000 whereas last year at this time there had been 47 sales with a median sales price of $550,000. For ’07 there had been 52 escrows opened to this point of the year with a median list price of $589,000 and this year there have been 44 escrows open with a median list price of $460,000. Thus far this year 138 new listings have appeared on the market with a median list price of $599,000 and last year at this time 133 new listings came on the market with a median list price of $595,000. Currently there are 74 Condo listings in Carpinteria/Summerland with a median list price of $679,000.